Bitcoin’spriceresurgencecontinuedinthepast24hoursastheassetshotupto$66,500forthefirsttimesincetheendofSeptember.
Thealtcoinshavealsoturnedgreen,andthetotalcryptomarketcaphasaddedabout$100billionovernight.
BTC’sSurgeDroveitto3-WeekHigh
IthastakensometimebutUptoberisstartingtodeliveronthebigpromises.Itwasjustfivedaysagowhentheprimarycryptocurrencydumpedhardandfelltoamulti-weeklowofunder$59,000.
However,thebullssteppeduponthegaspedalinthefollowingdays,andBTChasnotlookedback.Afterrecoveringsomegroundduringtheweekendandjumpingto$63,000,thisvolatileweekbeganonanevenmorepositivenoteyesterdayandespeciallyearliertoday.
Thisiswhentheassetaddedoverthreegrandinvaluewithinhoursandtapped$66,500forthefirsttimesinceSeptember27.Ithaslostsometractionsincethenandnowtradesbelow$66,000,butit’sstill5%upontheday.
Itsmarketcapitalizationhasskyrocketedto$1.3trillion,whileitsdominanceoverthealtsisabove54%onCG.
AltcoinsontheRun
Manyaltcoinshaveproducedevenmoreimpressivegainsoverthepast24hours.Ethereum,whichhaslargelyunderperformedinthepastseveralmonths,isamongthose.Ithasrisenby6.5%andnowsitsatamulti-weekpeakofitsownatover$2,600.
Solana’sdailysurgeisidentical,anditnowtradesat$155.BitcoinCash,NEAR,andUNIhaveregisteredevenmoreimpressiveincreases.ENAandWLDarethetwotopperformersfromthelargest100altcoins.
Consequently,thecumulativemarketcapofallcryptoassetshasadded$100billionovernightand$150billionsincetheweekend,andnowsitsat$2.4trillion.
cryptopotato.com